Plantronics Given New $53.00 Price Target at Northland Capital Partners (PLT)
Equities research analysts at Northland Capital Partners boosted their price target on shares of Plantronics (NYSE:PLT) from $51.00 to $53.00 in a research note issued to investors on Tuesday, ARN reports. The firm currently has an “outperform” rating on the stock. Northland Capital Partners’ target price would suggest a potential upside of 9.66% from the stock’s previous close.
A number of other analysts have also recently weighed in on PLT. Analysts at Deutsche Bank initiated coverage on shares of Plantronics in a research note to investors on Monday. They set a “buy” rating and a $60.00 price target on the stock. Analysts at Raymond James upgraded shares of Plantronics from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, September 12th. They now have a $52.00 price target on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Plantronics presently has an average rating of “Buy” and a consensus price target of $51.25.
Plantronics (NYSE:PLT) opened at 48.33 on Tuesday. Plantronics has a 52 week low of $30.90 and a 52 week high of $48.53. The stock’s 50-day moving average is $45. and its 200-day moving average is $45.34. The company has a market cap of $2.063 billion and a price-to-earnings ratio of 18.89.
Plantronics (NYSE:PLT) last released its earnings data on Tuesday, August 6th. The company reported $0.70 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.70. The company had revenue of $202.80 million for the quarter, compared to the consensus estimate of $201.25 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. Analysts expect that Plantronics will post $2.87 EPS for the current fiscal year.
Plantronics, Inc is a designer, manufacturer and marketer of lightweight communications headsets, telephone headset systems and accessories for the worldwide business and consumer markets under the Plantronics brand.
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